City National Bank of Florida logo

City National Bank of Florida

Miami bank and SBA Preferred Lender: 7(a) loans $50K to $5M, 9.625% median variable rate, 10 to 25 years, collateral required; 504 up to $12.5M. Best for business buyers.

SBA & Government-Backed Loans:
SBA 7(a) Loans
Tags:
#Working Capital#Secured#Buying A Business

Rates & Cost

What the financing costs, normalized so lenders can be compared.

Estimated APR:
~10.17% APR on a $350K 10-yr SBA 7(a) at the 9.625% median rate incl. 3% guaranty fee (Lender List est.); recent rates 8.25% to 10.25%
Pricing (as quoted by lender):
Lender does not publish SBA rates ("within SBA maximum limits"); SBA 7(a) FOIA data (as of Jun 30, 2026): 9.625% median starting rate last 12 months (8.25% to 10.25%); ≈Prime + 2.75% since Dec 10, 2025
Cost to borrow $100K for 6 months:
≈$6,452 (6 months' interest at 9.625% on a 10-yr SBA 7(a), $4,752, plus $1,700 SBA guaranty fee; bank fees not published)
Fees:
SBA guaranty fee on guaranteed portion: 2% up to $150K; 3% on $150,001 to $700,000; 3.5% up to $1M plus 3.75% above $1M; bank closing/packaging fees not published
Early payoff:
Allowed; no prepayment penalty on loans under 15 years (bank site); SBA fee on 15+-year terms when ≥25% is prepaid in years 1 to 3 (5%/3%/1%)
Pricing transparency (0-3):
0

Repayment Terms

How and how fast you pay it back, and how flexible it is.

Term:
10 to 25 years (bank site; 120 months on 33 of 40 recent loans; FOIA median 120 months)
Repayment schedule:
Monthly amortizing payments; variable rate (40 of 40 loans in last 12 months)
Flexibility in slow months:
Low — monthly amortizing payments that reset with Prime; 10- to 25-year terms keep them small

Eligibility & Access

Who qualifies and what you have to put on the line.

Funding amount:
SBA 7(a) $50,000 to $4,861,000 (last 12 months to Jun 30, 2026; median $641,050; SBA 7(a) FOIA data); bank site: 7(a) up to $5,000,000, 504 up to $12,500,000
Minimum revenue:
Lender does not publish; must meet SBA size standards
Minimum time in business:
Lender does not publish; 20 of 40 recent loans to firms 2+ years old, 15 changes of ownership, 5 new, 0 startups; 10% equity injection for startups and acquisitions (SBA)
Credit check:
Lender does not publish a minimum score; full credit underwriting
Personal guarantee:
Required from owners of 20% or more (SBA rule)
Collateral & lien:
Secured — collateral on all 40 SBA loans in the 12 months to Jun 30, 2026

Speed & Service

How fast you get funded and how the lender treats you.

Time to funding:
Lender does not publish an SBA timeline; SBA 7(a) typically 30 to 90 days application to funding (PLP approval in-house skips the 5 to 10 business-day SBA review)
Lender status:
Active (54 SBA 7(a) approvals FY2026 per SBA lender report as of Sep 30, 2026; 133 in FY2025 per SBA 7(a) FOIA data)

Company Verification

Who actually stands behind the lender: legal entity, registration, and how long the business and its website have existed. Checked against public registries.

Legal entity:
City National Bank of Florida
Registered in:
Florida (FDIC cert #20234)
Company formed:
Chartered 1970
Website domain registered:
Dec 1995
Follow:
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Best for: Established firms and business buyers needing a secured SBA 7(a) loan above $500,000.

Not for: Startups, borrowers wanting a fixed-rate 7(a) (only its 504 loans fix the SBA portion), or anyone wanting posted prices.

Lender List verdict: City National Bank of Florida is an active SBA Preferred Lender whose recent 7(a) loans ran near Prime + 2.75%, variable and fully secured. It publishes no rates or fees.

City National Bank of Florida at a glance

City National Bank of Florida
Lender typeNational bank, $29.1B assets; SBA 7(a) and 504 lender
Founded / HQ1970; Miami, FL
Amounts7(a) $50,000 to $4,861,000 (last 12 months); up to $5,000,000 (bank site)
Cost9.625% median starting rate (last 12 months); variable
Term10 to 25 years
StatusActive

What is City National Bank of Florida?

City National Bank of Florida is a Miami national bank chartered in 1970, with $29.1 billion in assets and 30 offices (FDIC, June 30, 2026). It is not Los Angeles-based City National Bank (CN Bank in Florida).

How City National Bank of Florida's SBA loans work

City National Bank of Florida offers SBA 7(a) loans up to $5 million and 504 loans up to $12.5 million. In the year to June 30, 2026 it approved 40 7(a) loans: 31 as a Preferred Lender, 6 via SBA Express (SBA 7(a) FOIA data, as of June 30, 2026), at a median $641,050. SBA's lender report counts 54 FY2026 approvals averaging $1.51 million (through September 30, 2026).

City National Bank of Florida SBA rates and fees

City National Bank of Florida's SBA 7(a) loans started at a 9.625% median rate in the 12 months to June 30, 2026 (range 8.25% to 10.25%), all variable; since December 10, 2025 the median was about Prime + 2.75%. SBA caps spreads at Prime + 3% above $350K and Prime + 4.5% from $250,001 to $350K.

Worked example: a $350,000, 10-year 7(a) at 9.625% costs $4,552.90 a month, or $546,348.27 over 120 payments ($196,348.27 interest). Netting the $7,875 SBA guaranty fee puts the APR near 10.17%.

City National Bank of Florida requirements

City National Bank of Florida publishes no credit score, revenue or time-in-business minimum for SBA loans.

RequirementCity National Bank of Florida minimum
Personal credit scoreLender does not publish
SizeMust meet SBA size standards
Time in business2+ years or a purchase (35 of 40 recent loans)
Equity injection10%+ for startups and acquisitions (SBA)
Collateral / guaranteeAll 40 recent loans secured; 20%+ owners guarantee

Compare SBA platform iBusiness Funding or all SBA 7(a) loans.

Frequently asked questions about City National Bank of Florida

Is City National Bank of Florida Legit? Yes. It is an active FDIC-insured national bank (cert 20234) supervised by the OCC, operating since 1970. It is an SBA Preferred Lender with one charge-off among 284 7(a) loans since FY2020. Its Trustpilot profile is unclaimed with no reviews.

Who Owns City National Bank of Florida? FDIC records name Empresas Juan Yarur SpA, a Chilean holding company, as the parent; the bank's capital-markets unit is branded Bci Capital. FDIC history shows no sale of the bank; it absorbed TotalBank in 2018 and Executive National Bank in 2020.

How Long Does City National Bank of Florida Take to Close an SBA Loan? Plan on roughly 30 to 90 days from application to funding; the bank posts no SBA timeline. Most approvals happen in-house under Preferred Lender authority, which skips a 5 to 10 business-day SBA review, but appraisals and collateral still take weeks.

Does City National Bank of Florida Lend to Startups? Rarely. None of its 40 SBA 7(a) loans in the year to June 30, 2026 went to a startup and only 5 to businesses two years old or younger, while 15 financed a change of ownership. Buying an existing business is the likelier path.

Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.

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